BILL (Billerud AB (publ)) vs OMX Stockholm 30 Comparison

BILL

OMX Stockholm 30

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BILL

OMX Stockholm 30

Difference

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BILL

OMX Stockholm 30

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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OMX Stockholm 30

BILL

0LW9

PKG

AVY

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1Y 3Y 5Y 10Y 15Y 20Y

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Billerud AB (publ)
Glance View

Market Cap

25.9B SEK

Industry

Packaging

Billerud AB (publ) operates in a realm often overlooked but fundamentally crucial to our everyday lives – the world of sustainable packaging solutions. Headquartered in Sweden, Billerud has carved out a niche as a producer of high-quality paper and packaging materials, focusing primarily on renewable and biodegradable products. Its operation hinges on a vertically integrated business model; Billerud controls the entire value chain from forestry resources to production and distribution. This strategy not only ensures the quality and sustainability of its products but also provides a significant competitive edge by optimizing costs and enhancing environmental stewardship. The company’s mills, strategically located near its ample forest resources, are the heart of its operations, powering the transformation of raw materials into sophisticated packaging solutions that serve industries ranging from food and beverage to healthcare. The storytelling extends through Billerud's commitment to sustainability and innovation, as these elements are not just buzzwords but deeply imprinted in its corporate ethos. The company generates revenue by offering a diverse array of products, from corrugated materials and cartonboards to specialized kraft paper, addressing both the increasing consumer demand for eco-friendly options and the stringent regulations surrounding packaging waste. Technological advancement remains at the forefront of Billerud's strategy, as demonstrated by its investment in research and development to create lightweight and yet robust packaging solutions that meet the design and functionality demands of its clients. By integrating sustainability with design excellence, Billerud has positioned itself as a leader in the drive toward a greener future, appealing to clients looking to bolster their own environmental credentials while securing reliable and innovative packaging solutions.

View BILL Analysis

BILL Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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US	W	Westrock Co LSE:0LW9	Select
US		Packaging Corp of America NYSE:PKG	Select
US		International Paper Co NYSE:IP	Select
US		Avery Dennison Corp NYSE:AVY	Select
IE	S	Smurfit Kappa Group PLC F:SK3	Select
UK		Amcor PLC NYSE:AMCR	Select
UK		DS Smith PLC LSE:SMDS	Select
US		Graphic Packaging Holding Co NYSE:GPK	Select
CH		SIG Group AG SIX:SIGN	Select
US		Sealed Air Corp NYSE:SEE	Select

US	W	Westrock Co LSE:0LW9	Add
US		Packaging Corp of America NYSE:PKG	Add
US		International Paper Co NYSE:IP	Add
US		Avery Dennison Corp NYSE:AVY	Add
IE	S	Smurfit Kappa Group PLC F:SK3	Add
UK		Amcor PLC NYSE:AMCR	Add
UK		DS Smith PLC LSE:SMDS	Add
US		Graphic Packaging Holding Co NYSE:GPK	Add
CH		SIG Group AG SIX:SIGN	Add
US		Sealed Air Corp NYSE:SEE	Add

HR	C	CROBEX INDX:CRBEX	Add
SA	T	Tadawul All Share INDX:TASI	Add
TH	S	SET Index INDX:SET	Add
ID	J	Jakarta Composite Index INDX:JKSE	Add
GR	A	Athens General Composite INDX:ATG	Add
BR	B	BOVESPA INDX:BVSP	Add
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MX	M	Mexico S&P/BMV IPC INDX:MXX	Add
CZ	P	PX Prague Stock Index INDX:PX	Add
RU	M	MOEX Russia INDX:IMOEX	Add

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BILL

vs

OMX Stockholm 30

Stocks Performance
BILL vs OMX Stockholm 30

Performance Gap
BILL vs OMX Stockholm 30

Performance By Year
BILL vs OMX Stockholm 30

Competitors Performance
Billerud AB (publ) vs Peers

Billerud AB (publ)
Glance View

Company

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BILL vs OMX Stockholm 30

Stocks Performance BILL vs OMX Stockholm 30

Performance Gap BILL vs OMX Stockholm 30

Performance By Year BILL vs OMX Stockholm 30

Competitors Performance Billerud AB (publ) vs Peers

Billerud AB (publ) Glance View

Company

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Tools

Stocks

BILL

vs

OMX Stockholm 30

Stocks Performance
BILL vs OMX Stockholm 30

Performance Gap
BILL vs OMX Stockholm 30

Performance By Year
BILL vs OMX Stockholm 30

Competitors Performance
Billerud AB (publ) vs Peers

Billerud AB (publ)
Glance View